G20 Sherpas to draft block of recommendations for Leaders Declaration

July 25, 2013, 5:40 UTC+3It is expected that the results of the recent conferences of G20 finance and labor ministers will also be presented

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St PETERSBURG, July 25 (Itar-Tass) - Sherpas of the G20 are due to have a fourth working meeting here Thursday to draft a block of recommendations on various aspects of Russia’s presidency in the Group for a further inclusion in the Leaders Declaration.

“The central issue on the agenda is the discussion of results achieved by workgroups, both at the financial track and at the Sherpas’ track,” a source on the organizing committee of the conference told Itar-Tass.

“The discussions will highlight the world economy, finances, employment, trade, sustainable energy, assistance to development, and counteraction to corruption,” he said.

It is expected that the results of the recent conferences of G20 finance and labor ministers will also be presented.

“Also, the final summarized list of recommendations of various outreach formats /Business 20, Civil 20, Y20 Russia 2013, and Labor 20/ will be presented to the public,” the source said. “Work along these guidelines was launched at the very start of Russia’s term of rotating presidency and the interim results and recommendations were more than once submitted to the Sherpas at previous meetings.”

The new proposals that will be worked out at Thursday’s meeting will be refined at the next conference of the Sherpas that will be held in September on the eve of the G20 summit.

The central objective of Russia’s presidency in the G20 is to focus the efforts of the forum of the world’s largest economies on working out the measures pertaining to crucial economic and financial problems, the solution of which predestines economic growth and creation of new jobs in all the countries of the world.

The Russian side believes this activity should develop along three priority guidelines including the stimulation of investment, a buildup of trust and transparency on the market, and boosting the efficiency of economic regulation.

Reporters will not be addmitted to the session that will be held behind closed doors, the source said.